Insurers rely on both internal and external catastrophe models to assess claims scenarios and shape their liability profiles. Parameter risk is growing with the confluence of climate change, supply chain issues and inflation. Join Insider Engage in partnership with KBRA for a dynamic discussion on 10 a.m. April 6th as we discuss how insurers and cat models are evolving to meet today’s ongoing risk challenges. Discussion points include:
--The impact of higher frequency versus severity of natural catastrophes: which drives bigger changes in PML?
--How insurers are adapting their use cat models in their underwriting and pricing.
--Has the feedback loop of actual data evolved to more dynamically capture new information?
--What are the implications of model outputs that are inaccurate, or which may not fully capture the risk?
--How COVID-19 related supply chain issues are causing unpleasant claims surprises and other knock-on impacts.
--How overall inflation can impact claims (and pricing), and what to expect going forward.
--What insurers can do to make optimal use of cat models.
Panelist:
- Peter Giacone, Senior Managing Director, KBRA
- Karen Clark, Co-founder & CEO, Karen Clark & Company
- Paul Nealon, Co-Founder and Managing Partner - ILS Capital Management
- Catherine Pigott, Head of Science & Natural Perils - AXA XL
Moderator:
Meg Green, Editor-in-Chief, Insider Engage